Drill-Quip [ DRQ ] - oil drilling equipment ipo Message Board

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Gold/Mining/Energy : Drill-Quip [ DRQ ] - oil drilling equipment ipo

DRQ 20.68

-2.1%

Oct 30 3:59 PM EST

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To: Mel Spivak who wrote (94)	1/15/1998 7:02:00 AM
From: Lee Fredrickson	Read Replies (1) of 121

Mel; Saw that yesterday eve. John Lovoi (MS energy analyst of good repute) made the recomm. Said among other things, "...story for DRQ fundamentally driven by co.'s significant leverage to growing offshore production..., especially within deepwater.. Says important disting'g characteristic of co. versus other OS co.'s is it's relatively high exposure to deep water...Believes demand for deep water driilling, production equipment will remain above supply for several years...$36 target. Other favorites, BHI, EVI, SII." Glad to hear someone else feels that way. 'Course, I'm in at $37, so I hope he undershot his target by a good long ways. Lee

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